3006 S. Michigan St.

3006 S. Michigan St., South Bend, IN 46614

  • For Sale $925,000
  • Property Type Office
  • Property Size 8,200 SF
  • Lot Size 0.92 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 50
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1968
  • Date Updated May 22, 2024
-Bradley Company is pleased to present the single tenant net lease lab/flex distribution investment sale at 3006 S. Michigan Street in South Bend, Indiana. The property has been leased to Omnicare, a CVS Health Company since 1994. It is a well maintained brick building with one dock and an interior layout design and updates to address Omnicare’s needs. The property is located on the south side of South Bend near the central business district and with good interstate access via the US 20 and US 31 bypasses. Omnicare, which is the largest Long Term Care pharmacy in the country, services the pharmacy needs of hundreds of long term care, chronic care and rehabilitation facilities in North Central Indiana from this location. Omnicare recently signed its 7th lease extension at this location beginning a new 5 year term on August 1, 2023.

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Attachments

Highlights

  • Leased to Omnicare, a CVS Health Company since 1994. (https://www.omnicare.com ) . The tenant recently exercised its seventh extension, a 5-year renewal effective August 1, 2023.
  • Well maintained brick building that is professionally managed by a third party property management firm.
  • The interior layout design has been adapted to meet Omnicare’s needs for lab space and pharmaceutical storage and inventory management and receiving and distribution spaces with loading dock access.
  • Omnicare has a significant investment of lab equipment, information systems, IT room, clean room, cooler and inventory storage which makes it a mission critical facility for this market area
  • Recent tenant improvements for new flooring, window seals, parking lot stripe and seal and other items totaling approximately $50,000 have been made by the landlord in the past year as part of the current lease term renewal
  • The area boasts a population of about 254,000 within a 10 mile radius.
  • $10.24/SF, modified gross rent with 2% annual increases, is at or below market for this type of lab/flex distribution property in the South Bend MSA.

Contacts

broker

Dan Skodras

Bradley Company

(574) 237-6052

Location

Getting Around

  • Walk Score ®

    44/100 Car-Dependent
  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City South Bend, IN
  • Neighborhood Erskine Park
  • Zip Code 46614
  • Market South Bend

Points of Interest

  • South Bend

    3.13 miles

  • South Bend Airport

    5.11 miles

  • Philips 66

    0.31 miles

  • Stop N Go

    1.05 miles

  • Murphy USA

    1.13 miles

  • Kroger

    1.31 miles

  • Phillips 66

    1.55 miles

  • Phillips 66

    1.78 miles

  • Philips 66

    1.78 miles

  • Speedway

    1.94 miles

  • Exxon

    1.98 miles

  • Marathon

    2.32 miles

  • Library Parking

    2.04 miles

  • Eddy Street Commons Parking Garage

    3.44 miles

  • Residential Parking

    3.54 miles

  • Walsh Architecture Lot

    3.65 miles

  • Bookstore Faculty/Staff Lot

    3.65 miles

  • Bookstore Timed Lot

    3.66 miles

  • Stayer Lot

    3.69 miles

  • Compton Lot

    3.69 miles

  • Visitor Parking

    3.69 miles

  • Legends Lot

    3.70 miles

  • Holiday Inn Express

    1.09 miles

  • Courtyard

    2.24 miles

  • Aloft South Bend

    2.32 miles

  • DoubleTree by Hilton

    2.34 miles

  • Comfort Suites

    2.36 miles

  • Residence Inn South Bend

    2.97 miles

  • Embassy Suites by Hilton South Bend at Notre Dame

    3.49 miles

  • Fairfield Inn & Suites by Marriott South Bend at Notre Dame

    3.52 miles

  • Ivy Court Inn & Suites

    3.77 miles

  • Morris Inn

    3.85 miles

  • Dunkin' Donuts

    0.89 miles

  • Culver's

    0.93 miles

  • Taco Bell

    0.95 miles

  • Panda Express

    0.95 miles

  • Subway

    0.96 miles

  • Maxi's Food & Spriirts

    1.01 miles

  • Chipotle

    1.04 miles

  • Buffalo Wild Wings

    1.06 miles

  • Chick-fil-A

    1.08 miles

  • Texas Roadhouse

    1.13 miles

  • James Monroe Elementary School

    0.19 miles

  • Stanley Clark School

    0.62 miles

  • James Whitcomb Riley High School

    0.83 miles

  • Our Lady of Hungary School

    0.91 miles

  • Henry Studebaker Elementary School

    1.00 miles

  • Oliver School

    1.13 miles

  • Ivy Tech Community College

    1.32 miles

  • John Marshall Elementary School

    1.37 miles

  • Lincoln Elementary School

    1.47 miles

  • Franklin School

    1.63 miles

  • Meechie Day Care, Inc. Ministry

    2.02 miles

  • 2nd Nature Childcare Services

    2.63 miles

  • Starz Academy

    2.69 miles

Frequently Asked Questions

How much does 3006 S. Michigan St. cost?

The space currently listed for sale at 3006 S. Michigan St. asks for $925,000.

What is the total square footage of 3006 S. Michigan St.?

3006 S. Michigan St. totals 8,200 square feet.

When was this property built?

3006 S. Michigan St. was built in 1968.

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Contact Listing Broker

broker

Dan Skodras

Bradley Company

(574) 237-6052